The Miami Entrepreneur

: Meta job cuts could match last year’s: report

Read Time:48 Second

Facebook parent Meta Platforms Inc. META reportedly plans to cut its staff at about the same level as last year’s layoffs, which affected 13% of the company’s workforce, or 11,000 employees. The Wall Street Journal reported the news Friday, citing unnamed sources who said the cuts will be made in multiple rounds over the coming months, and could have about the same impact as the cuts Chief Executive Mark Zuckerberg announced in November. The slashing is expected to affect non-engineering roles most, the Journal reported, after Bloomberg published a report about more job cuts at the company earlier this week. Before the 11,000 cuts announced last year, Meta had about 87,000 employees as of October 2022. A company spokesperson did not immediately return a request for comment Friday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

About Post Author

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Previous post : Silicon Valley Bank out of S&P 500 index; Insulet selected to replace it
Next post : Roku says it ‘does not know’ how much of its cash it will be able to recover from SVB